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...seven European nations, including Britain and West Germany, as well as producers in South Africa and Brazil, were selling in the U.S. market at unfairly low prices. Effective immediately, importers of their goods will have to post bonds on shipments pending final determination of damages later this year. Said Viscount Etienne Davignon, European Community commissioner for industry in Brussels, in response: "It has been quite clear that the highest level of the American Administration has not perceived the real meaning of this case. This certainly has a protectionist flavor about...

Author: /time Magazine | Title: Tense Showdown over Steel | 6/21/1982 | See Source »

...first mariner who kept a record of actually landing there was yet another Briton, John Strong, who arrived in 1690 and artfully named the place after the First Lord of the Admiralty, Viscount Falkland, who never came near the islands. Strong was gratified at the friendly reception by what a shipmate called "the inhabitants, such as they were [i.e., the penguins]. Being mustered in infinite numbers on a rock," he wrote, "upon some of our men landing, they stood, viewed and then seemed to salute them with a great many graceful bows, with the same gestures, equally expressing their curiosity...

Author: /time Magazine | Title: A Place Fit for Buccaneers | 4/19/1982 | See Source »

...steel crisis exists and is getting worse in every respect-orders, costs, profits." So said Viscount Etienne Davignon, the European Community industrial affairs commissioner. Other leading industrial nations are also feeling the worldwide steel crisis. The U.S. last month reintroduced the trigger price mechanism to protect the domestic industry against cheap imports that were undercutting U.S. prices. American steel output in the first ten months of the year was 22% below the same level of 1979, and the industry has laid off 86,000 steel-production workers, almost one-quarter of its labor force, in the past year. Japanese steel...

Author: /time Magazine | Title: Business: Glut of Steel | 11/17/1980 | See Source »

...expected sweetness and light. Ever since Labor's defeat in the 1979 elections, the party has been riven by struggles between its moderate parliamentary leadership and an increasingly radical rank and file. Last week's conference proved no exception. Headed by Tony Benn, 55, a former viscount who renounced his title in 1963 in order to remain in the House of Commons, the left arrived in Blackpool determined to wrest control of the party from its leaders. In particular, the militants aimed at three longtime objectives: 1) the right to draft the party's policy manifesto, which...

Author: /time Magazine | Title: BRITAIN: A Triumph for Lunacy | 10/13/1980 | See Source »

This week U.S. steelmakers expect to bring antidumping suits against European steel exporters. The suits could be embarrassing to the Carter Administration because the State Department is trying to line up European support for a grain, technology and Olympic boycott against the Soviet Union. Viscount Etienne Davignon, the European Community Industrial Affairs Commissioner, warns: "If we enter into a trade war and protectionism in steel, then cars will follow rapidly, and after cars it will be shipyards and then advanced technology industries...

Author: /time Magazine | Title: Business: Steel at the Crossroads | 3/17/1980 | See Source »

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